Citigroup Stock News

The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary leverage ratio” that determines the amount of capital banks must hold against relatively low-risk assets. [contact-form-7] The Fed board voted 5-2 to advance the proposal, Reuters reported Wednesday.

The Federal Reserve proposed easing a key capital rule for banks, and central bank officials will vote on the measure at 2 p.m. Wednesday.

The biggest U.S. lenders are expected to clear the Federal Reserve's annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said.

Citigroup (C 0.06%) is a name that most people know, given that the company's bank branches are scattered liberally across the United States. It also has a storied history, but that tale hasn't always been positive.

Citigroup hired Drago Rajkovic as its co-head of mergers and acquisitions from rival JPMorgan Chase , according to a memo seen by Reuters on Friday.

These companies have reduced their share counts the most over the past 10 years

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $650,000,000 of its Floating Rate Notes due 2026 (the “notes”) (ISIN: US172967MB43). The redemption date for the notes is July 1, 2025 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the ...

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